Goto Section: 24.832 | 24.839 | Table of Contents
FCC 24.833
Revised as of October 2, 2015
Goto Year:2014 |
2016
§ 24.833 Post-auction divestitures.
Any parties sharing a common non-controlling ownership interest who
aggregate more PCS spectrum among them than a single entity is entitled to
hold (See § § 20.6(e), 24.710, 24.204, 24.229(c) of this chapter) will be
permitted to divest sufficient properties within 90 days of the license
grant to come into compliance with the spectrum aggregation limits as
follows:
(a) The broadband PCS applicant shall submit a signed statement with its
long-form application stating that sufficient properties will be divested
within 90 days of the license grant. If the licensee is otherwise qualified,
the Commission will grant the applications subject to a condition that the
licensee come into compliance with the PCS spectrum aggregation limits
within 90 days of grant.
(b) Within 90 days of license grant, the licensee must certify that the
applicant and all parties to the application have come into compliance with
the PCS spectrum aggregation limits. If the licensee fails to submit the
certification within 90 days, the Commission will immediately cancel all
broadband PCS licenses won by the applicant, impose the default penalty and,
based on the facts presented, take any other action it may deem appropriate.
Divestiture may be to an interim trustee if a buyer has not been secured in
the required time frame, as long as the applicant has no interest in or
control of the trustee, and the trustee may dispose of the property as it
sees fit. In no event may the trustee retain the property for longer than
six months from grant of license.
[ 59 FR 53371 , Oct. 24, 1994]
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Goto Section: 24.832 | 24.839
Goto Year: 2014 |
2016
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